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Exhibit 99.3
Computation of Ratio of EBITDA to interest expense
| For the 12 Months Ended December 31, | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2002 | 2001 | 2000 | 1999 | ||||||||||||
EBITDA: | |||||||||||||||||
Net income | $ | 292,157 | $ | 215,270 | $ | 229,912 | $ | 217,586 | $ | 38,886 | |||||||
Add: Interest expense | 192,295 | 184,933 | 169,586 | 173,143 | 91,044 | ||||||||||||
Add: Depreciation and amortization | 52,338 | 44,117 | 32,170 | 31,114 | 9,977 | ||||||||||||
Total EBITDA | $ | 536,790 | $ | 444,320 | $ | 431,668 | $ | 421,843 | $ | 139,907 | |||||||
Interest expense | $ | 192,295 | $ | 184,933 | $ | 169,586 | $ | 173,143 | $ | 91,044 | |||||||
EBITDA/Interest expense | 2.79 | x | 2.40 | x | 2.55 | x | 2.44 | x | 1.54 | x |
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Computation of Ratio of EBITDA to interest expense